December 27, 2013 |
After a slow start, Molina Healthcare Inc. is looking for bigger enrollment in California's health insurance exchange in the next three months. The publicly traded company based in Long Beach had only 521 enrollees in the Covered California exchange, or less than 1% market share, through Nov. 30. Molina has traditionally served patients enrolled in Medicaid and other government programs, so its presence on nine state exchanges across the country...
December 20, 2013 |
Like shoppers racing to buy last-minute holiday gifts, thousands of Californians are going online - or lining up in person - to get Obamacare insurance ahead of next week's deadline to have coverage starting next month. And the surge in enrollment is putting pressure on the state's health exchange and insurance companies at a time when they were already struggling to keep pace with a flood of applications. The state's three call centers have been swamped, plagued by average wait times of 30 minutes, with many consumers unable to get through.
December 19, 2013 |
Honda, Subaru and Volvo are making strides protecting the occupants of their cars, while big manufacturers such as General Motors are lagging behind, the Insurance Institute of Highway Safety said Thursday as it gave 22 vehicles its top safety rating. Between its Honda and Acura lines, Honda landed six of the top spots. To earn the “Top Safety Pick Plus” endorsement, vehicles had to rate as good on four crash tests and have good or acceptable performance on a small overlap crash -- where the front corner of a car hits an object.
December 18, 2013 |
Health insurers nationally said they would give consumers until Jan. 10 to pay for health coverage starting Jan. 1 as part of government-run exchanges under the federal healthcare law. But some state exchanges, including those of California and Connecticut, indicated they would stick with slightly different deadlines that were already extended. The extensions come amid a sharp rise in applicants and continued difficulties for many people trying to navigate the sign-up process. Consumers who want coverage that starts Jan. 1 must enroll by Monday.
December 17, 2013 |
Insurance giant American International Group Inc. announced it would sell a majority of its Century City aircraft-leasing unit to Netherlands-based AerCap Holdings, in a deal valued at $5.4 billion in cash and stock. The deal for International Lease Finance Corp. still faces substantial regulatory hurdles, including U.S. and foreign reviews. If approved, the deal is expected to close by the second quarter of next year. AIG has been trying to sell the unit since 2008, when it nearly collapsed and was forced under federal government control.
December 17, 2013 |
When will the insurers revolt? It's a question that's popping up more and more. On the surface, the question answers itself. We're talking about pinstriped insurance company executives, not Hell's Angels. One doesn't want to paint with too broad a brush, but if you were going to guess which vocations lend themselves least to revolutionary zeal, the actuary sciences rank slightly behind embalmers. Still, it's hard not to wonder how much more these people are willing to take. Even an obedient dog will bite if you kick it enough.
December 17, 2013 |
Californians pay a far bigger insurance penalty than drivers in most other states for causing a traffic accident. That's the finding of InsuranceQuotes.com, an insurance shopping company that surveyed how much a driver's premiums rise after one accident. Car insurance premiums for Californian rise by an average of 62% after a single claim, according to the report. That's the second-steepest hike in the country. Nationally, drivers pay an average of 38% more for car insurance after making a single claim.
December 15, 2013 |
SACRAMENTO - Think insurance regulation is a dull business? Tell that to Eric Weirich, California's top insurance cop. Weirich, a deputy commissioner at the Insurance Department, leads a force of 275 in the fight against crime in the $80-billion-a-year insurance industry. His division investigates and teams up with county district attorneys to prosecute staged auto collisions, arson, bogus workers' compensation claims, fraud against insurers and policyholders, and other crimes.
December 13, 2013 |
For all its success enrolling tens of thousands in health insurance, California is struggling to translate Obamacare into Spanish. The state's enrollment so far among Latinos is anemic - even though they represent more than half of California's 7 million uninsured residents. Only 5% of enrollees, or fewer than 4,500 people, in the first two months of enrollment are primarily Spanish speakers, new data show. The dismal results have drawn sharp criticism from supporters of the healthcare law. They fault the Covered California exchange for strategic missteps, and they fear that missing out on this relatively young and healthy population could threaten the viability of the state exchange.
December 12, 2013 |
It was just last week when officials at the state's health insurance exchange, Covered California, gave the green light to Obama impersonator Iman Crosson to come up with a rap song to sell young people on the virtues of Obamacare. The turnaround was going to be quick. The 31-year-old actor began scrolling for beats that might work with President Obama's "flow, his cadence, his pauses," Crosson said - traits he has perfected after performing as Obama for years. With some help from comedy writers, he began writing lyrics against the melody of a Snoop Dogg song; after two hours in the studio, Obama doppelganger "B-Rock O'Beezy" was born, jamming to what might be the first rap song about preexisting conditions.